In 2023, Germany led the global social protection expenditure with 44.87% of its central government expenditure allocated, though it saw a minor decrease of 0.2%. Luxembourg, favorable with a 0.099% increase, closely followed with 40.68%. The Czech Republic and Denmark both saw declines, while Estonia’s expenditure rose by 0.97%, marking notable growth. Sweden, despite its traditionally high expenditure, saw a decrease of 1.37%. Emerging trends include Poland, Japan, and the Netherlands, whose allocation to social protection saw significant year-on-year growth, suggesting a shift in spending priorities. Conversely, Hungary experienced the most considerable decline, down by 5.01% in 2023.
Future trends to watch include:
- The continued progression of countries with substantial increases like Lithuania and Spain, indicating a build-up in social protection spending.
- Possibility of emerging economies adjusting their allocations as priorities shift, especially apparent in the robust increases seen in countries like Latvia and Belgium.
- Potential stabilizations or retractions in traditionally high-spending nations as they struggle with economic constraints.
Top countries in Central Government Expenditures on Social Protection by Country
| # | 10 Countries | Percent of Central Government Expenditure | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.87 | 2023 | -0.22% | -0.2% | View data |
| 2 | 2 Luxembourg | 40.68 | 2023 | +0.074% | +0.099% | View data |
| 3 | 3 Czech Republic | 39.92 | 2023 | +0.025% | -0.02% | View data |
| 4 | 4 Estonia | 34.92 | 2023 | +0.72% | +0.97% | View data |
| 5 | 5 Denmark | 34.32 | 2023 | -0.2% | -0.75% | View data |
| 6 | 6 Ireland | 33.6 | 2023 | -0.47% | -0.24% | View data |
| 7 | 7 Sweden | 33.38 | 2023 | -1.01% | -1.37% | View data |
| 8 | 8 United Kingdom | 33.31 | 2023 | -0.21% | -0.35% | View data |
| 9 | 9 Finland | 33.05 | 2023 | +0.85% | +0.68% | View data |
| 10 | 10 Australia | 32.47 | 2023 | -0.18% | -0.29% | View data |
